Stock market investors gain N1.8tn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stock investors gained N1.8tn at the close of trading on Friday.
The NGX All-Share Index and Market Capitalization appreciated by 2.18% to close the week at 134,452.93 and N 85.055 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat.
Sixty (60) equities appreciated in price during the week, higher than forty-nine (49) equities in the previous week.
Forty-three (43) equities depreciated in price, lower than fifty-four
(54) in the previous week, while forty-four (44) equities remained unchanged, same as forty-four (44) recorded in the previous week.
According to the market report obtained by Dailyeconomy from the NGX, total turnover of 3.691 billion shares worth N112.261 billion in 138,250 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 17.498 billion shares valued at N500.762 billion that exchanged hands last week in 142,082 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.127 billion shares valued at N47.298 billion traded in 57,121 deals; thus contributing 57.62% and 42.13% to the total equity turnover volume and value respectively.
The Agriculture Industry followed with 273.694 million shares worth N12.872 billion in 11,284 deals.
Third place was the Oil and Gas Industry, with a turnover of 255.144 million shares worth N11.808 billion in 10,706 deals.
Trading in the top three equities, namely Access Holdings Plc, United Bank for Africa Plc and Japaul Gold & Ventures Plc (measured by volume), accounted for 745.391 million shares worth N19.457 billion in 15,720 deals, contributing 20.19% and 17.33% to the total equity turnover volume and value respectively.
